Digital Fixed Deposit

An early start to your savings with Utkarsh Small Finance Bank can help you fulfil your dreams.

Now, say goodbye to paperwork and long queues. Start your savings with our Digital Fixed Deposit today and watch your money grow with us.

The Rate of Interest paid on fixed deposits varies based on tenure and amount. Higher rates of interest are offered to Senior Citizens. What's more! Premature closure is permitted.

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Cash withdrawal on Utkarsh Bank ATMs

  • Instant FD booking

  • No physical Branch visit and documentation required

  • Completely paperless process

  • Earn Competitive Interest Rate

  • Additional 0.60% for Senior Citizens

* T&C Apply

  • Pre-mature Closure Charges - Nil

  • Indian Citizens presently living in India.

  • Must be of minimum 18 years.

  • Your Aadhaar must be linked with your Mobile number & PAN Card.

Interest Rates on Domestic Fixed Deposit

Tenure

Interest Rates (%P.A.)-w.e.f. May 15, 2024

General Customers

Senior Citizens

7 Days to 45 Days

4.00%

4.60%

46 Days to 90 Days

4.75%

5.35%

91 Days to 180 Days

5.50%

6.10%

181 Days to 364 Days

6.50%

7.10%

365/366 Days to 699 Days

8.00%

8.60%

700 Days to less than 2 Years(729 Days)

8.25%

8.85%

2 Years(730 Days) to 3 Years(1095 Days)

8.50%

9.10%

Above 3 Years to less than 4 Years

8.25%

8.85%

4 Years(1461 Days) upto 1499 Days

7.75%

8.35%

1500 Days

8.50%

9.10%

1501 Days upto 5 Years(1826 Days)

7.75%

8.35%

Above 5 Years to 10 Years

7.25%

7.85%


Interest Rates on Domestic Tax Saver Fixed Deposit

Tenure

Interest Rates (%P.A.)-w.e.f. May 15, 2024

General Customers

Senior Citizens

5 Years

7.50%

8.10%

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Apply for your new -age banking now and reap the benefits!

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

1%

31%

line-chart-pattern-bg
Equated Monthly installments (EMI)

2,10,651

Need more Information?
Deposit Amount
Interest Earned

Interest Rate

8.00%

Interest Earned

3,50,452

Maturity Value

13,50,452

Maturity Date

20 Apr 2023

(Indicative interest rates for calculation only. click here for latest rates.)

FAQs

Opening a Digital Fixed Deposit with Utkarsh Small Finance bank is easy, safe and secure. Log on to [www.utkarsh.bank]and start the journey after clicking on Book Now and keep your Aadhaar Card, PAN Card and the Mobile Number linked to Aadhaar Card handy.

It’s an Instant Process. Once the payment is confirmed, you will be able to download the FD Advise.

You can book Digital Fixed Deposit for a period of minimum 7 days and a maximum of 365/366 days only.

Customers can book an FD of amount 1,000 to 90,000 via this portal.

No, As you already have an existing relationship with the Bank [Savings Account] you will not be able to book a Digital Fixed Deposit through this platform. As an existing customer you simply need to download Utkarsh Mobile Banking app from Playstore or Apple store else you can log onto Internet Banking through Bank’s website and register yourself to book the deposits.

Customer can make payment to book FD via UPI.

No, only one Digital FD can be booked using OTP-based KYC. To explore more services, please visit nearest Bank branch to complete your KYC. Visit Utkarsh. bank/locate-us.

Yes, premature withdrawal is allowed in Digital Fixed Deposits. Please visit nearest branch to redeem the Fixed Deposit.

With our Digital Fixed Deposits, you can choose only Maturity interest payment frequency option and the maturity instruction is an auto closure mode.

No, there are no risks in Digital FDs. Digital FDs are non-market-linked instruments, which means the returns they provide do not depend on any capital market involvement. Since the interest rates on Digital FD are pre-fixed, there is no element of surprise or risk. What you see is what you get with Digital Fixed Deposits.

Maturity Amount will be credited back to the account from where the money was received initially

Zero penal charge on premature withdrawal of deposit.

No, there is no need to have a Saving Account in Utkarsh Small Finance Bank to open Digital FD.

The funded amount will be refunded back to the depositor after 3 working days without any interest, through NEFT/RTGS/UPI mode. In case of any error in fund transfer, the Bank will issue a Demand Draft in favor of the prospective depositor and will dispatch the same at the customer’s communication address available with us. However, the customer may submit an alternative bank details for fund transfer by visiting the nearest Utkarsh SFBL branch.

A customer can visit the nearest Utkarsh Small Finance Bank to get the interest and TDS certificate.


Digital FD is available for the customers who do not have any existing relationship with the Bank.

Bank’s existing account holders can log on to Internet or Mobile Banking to book an Online FD.

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